Our Lead Tenant Program provides Austin companies an ownership opportunity for signing a fair market value Lease on a desirable acquisition property. Lead Commercial gives local businesses a chance to keep Austin in local hands by buying quality property that fits your company’s immediate and future needs.
The Lead Tenant Model:
Think of it as investing in
a local state-of-mind.
The Lead Tenant Program
was created to keep
Austin properties
in local hands.
This program offers tenants ownership in buildings for signing a 5- to 7-year Lease and also allows them to invest into the partnership along with other local investors. This partnership will allow rent to be based on the market, not a proforma. Lead Commercial targets groups that have a long-term interest in Austin and want a collaborative Landlord that invests in the success of their business.
Our lead tenant model invests in the success of your business
Lead Commercial forms a partnership with lead tenants with over a 4,000 square feet space requirement to purchase a building that accommodates tenant’s need for a 7 to 10 year lease.
Lead Commercial acts as the General Partner that will raise approximately 30 to 100 percent of equity and a commitment to holding the property.
Prospective tenants get high-quality, long-term space at market rate, along with all the advantages of ownership and an opportunity to invest in the partnership.
Every agreement is customizable to suit each partner’s goal.
[Pictured above: Lead Commercial clients Scott Wuest (left) of Wuest Group Engineering & Design and Mark Hart (right) of Mark Hart Architecture]
Incentives for Companies
- Option to expand into vacant space in the building
- A share in potential profits and potential tax incentives
- Peace of mind in having a landlord with a vested interest
- Space for immediate and future needs
- Pride in local ownership – A cap on the renewal rental rates
Requirements
- Established Central Texas company
- Over 4,000 square feet of office, industrial or retail user
- Long term commitment to Central Texas
- Financially stable company